https://www.taxtmi.com/caselaws?id=330842 The High Court upheld the ITAT's decision, allowing the deduction under Section 80IA for the forfeited advance, stating that the amount was directly related to the manufacturing activities of the eligible unit. Additionally, the court affirmed that only net interest should be excluded when calculating the deduction under Section 80IA, following established principles from higher judicial authorities. The appeal by the revenue was dismissed, and the ITAT's order was upheld. en-us Fri, 01 Jul 2016 00:00:00 +0530 Sat, 06 Aug 2016 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330842 The High Court upheld the ITAT's decision, allowing the deduction under Section 80IA for the forfeited advance, stating that the amount was directly related to the manufacturing activities of the eligible unit. Additionally, the court affirmed that only net interest should be excluded when calculating the deduction under Section 80IA, following established principles from higher judicial authorities. The appeal by the revenue was dismissed, and the ITAT's order was upheld. Case-Laws Income Tax Fri, 01 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330842